The Pakistani rupee on Thursday recorded more gains against the US dollar, appreciating 0.37% in the interbank.
At close, the currency settled at 276.46, an increase of Rs1.02, as per the State Bank of Pakistan (SBP).
On Wednesday, the Pakistani rupee strengthened further, inching up 0.39% to settle at 277.48 in the inter-bank market.
In a key development, The International Monetary Fund (IMF) has deposited $1.2 billion into the State Bank of Pakistan (SBP), announced Finance Minister Ishaq Dar on Thursday.
“I would like to share the information that the IMF has deposited $1.2 billion upfront payment in the account of SBP,” said Dar in a news briefing.
“Last night, the IMF Executive Board approved the Stand-By Arrangement (SBA).
“Under the agreement, Pakistan received an instalment of $1.2 billion and the remaining $1.8 billion would be disbursed after two reviews, which will be held in November and February.
![Muslim pilgrims gather at the top of the rocky hill known as the Mountain of Mercy, on the Plain of Arafat, during the annual Hajj pilgrimage, near the holy city of Mecca, Saudi Arabia. [Rafiq Maqbool/AP Photo]](https://mmnews.tv/wp-content/uploads/2025/04/Mount-Arafat-350x250.jpg)
